The founder of the messenger, Pavel Durov, said that the offer was re-signed “with conditions favorable to the company.”
Telegram received $330 million in investment through the sale of bonds. This was said by Telegram founder and CEO Pavel Durov, TechCrunch reports.
According to him, the offer was re-signed “with conditions favorable to the company.”
“This bond offering was oversubscribed… The terms of the bonds (adjusted for the Federal Reserve rate) are the most favorable for Telegram in the entire history of our company,” said of the CEO.
He did not say which institutions invested in the platform, but noted that global financial institutions value the company’s growth.
Sources familiar with the deal said the bonds’ current yield is 7.7%. The bonds mature in 2026 or when Telegram goes public, whichever comes first.
The bonds were issued at a price of $91, down from $78 in the previous issue.
It was previously reported that Stories are coming soon to Telegram messenger.
Source: korrespondent
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